Oil prices hit a three-year high

According to the Fars International Economic Group, quoted by Reuters, the price of oil in today’s trading increased and the price of oil reached the highest figure in the last 3 years because investors think the supply of oil will remain limited.

Brent crude traded up 40 cents at $ 86.46 a barrel and Brent crude traded up $ 86.71 a barrel in early trading, the highest level since October 3, 2018.

US crude traded up 58 cents at $ 84.40 a barrel, up from $ 84.78 in the early trading hours, the highest of 10 November 2021 is considered.

The rise in prices for both oil indices followed a 5% rise in Brent and a 6% rise in WTI over the past week.

According to traders, the turbulent purchases of oil are due to a lack of supply and signs that there is a strain اُمیکرون As expected, it will not be as destructive to fuel demand as crude oil prices have risen, indicating that Brent crude oil prices will continue to rise for a longer period of time.

Toshitaka تازاوا“Oil prices continue to rise because of OPEC,” said Fujitomi Security analyst plus “It does not supply enough oil to the market to meet global demand.”

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